Initial setup questions for a small non-profit membership startup (UK)

[Wm]

Tue, 26 May 2015 04:41:05 <5563EB51.3040105 at zen.co.uk>  Jill Terry 
<zen148517 at zen.co.uk>

>I forgot to say that I treat them as a liability because if the CLUB
>folds then they are refundable!

How do you separate the banked money from the funds you might have to 
give back in case of failure?

i.e. I like the liability split but if you (the CLUB) have spent the 
money (you need to buy or pay for a something) how are you going to 
honour the liability?  Insurance would seem an expensive option given 
the possible liability, not spending the money until due and getting a 
bit of interest in the meanwhile would be clean.  How do you do it?

-- 
Wm...